As of Wednesday close, Markforged Holding Corporation’s (NYSE:MKFG) stock was up $0.05, moving up 3.82 percent to $1.36. The average number of shares traded per day over the past five days has been 1,137,820 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0900 gain in that time frame. In the last twenty days, the average volume was 1,388,130, while in the previous 50 days, it was 2,047,670.
Since last month, MKFG stock retreated -34.30%. Shares of the company fell to $1.1600 on 08/24/23, the lowest level in the past month. A 52-week high of $2.68 was reached on 07/28/23 after having rallying from a 52-week low of $0.71. Since the beginning of this year, MKFG’s stock price has risen by 17.24% or $0.2000, and marked a new high 10 times. However, the stock has declined by -49.25% since its 52-week high.
MKFG stock investors should be aware that Markforged Holding Corporation (MKFG) stock had its last reported insider trading activity 99 days ago on May 24. Zipori Assaf, the Acting Chief Financial Officer of the company, purchased of 50,000 shares for $1.03 on May 24. It resulted in a $51,420 investment by the insider. Terem Shai added 100,000 shares at an average price of $0.97 on May 22. The insider now owns 2,234,842 shares following the transaction. On Mar 14, Chief Financial Officer Schwartz Mark Joseph sold 30,000 shares at $0.97 apiece. The transaction was valued at $29,100.
Valuation Metrics
The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 2.57, the price-to-book (PB) ratio of 1.21.
Financial Health
In the three months ended June 29, Markforged Holding Corporation’s quick ratio stood at 4.60, while its current ratio was 5.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 47.60% percent. In the year ended June 29, EBITDA margin amounted to -78.17%, whereas operating margins totaled -80.20%. Based on annual data, MKFG earned $50.71 million in gross profit and brought in $100.96 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.30%. Return on equity (ROE) for the past 12 months was -29.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MKFG’s revenue rose 4.79% to $24.09 million during the quarter, while net income inched up to $25.45 million. While analysts expected Markforged Holding Corporation to report -$0.07 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$16.49 million in EBITDA. The liabilities of Markforged Holding Corporation were 85.81 million at the end of its most recent quarter ended June 29, and its total debt was $45.97 million. The value of shareholders’ equity is $197.32 million.
Technical Picture
This quick technical analysis looks at Markforged Holding Corporation’s (MKFG) price momentum. With a historical volatility rate of 78.22%, the RSI 9-day stood at 49.26% on 30 August.
With respect to its five-day moving average, the current Markforged Holding Corporation price is up by +7.09% percent or $0.0900. At present, MKFG shares trade -31.66% below its 20-day simple moving average and +54.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.64% above its SMA50 and -18.56% below its SMA200.
Stochastic coefficient K was 39.44% and Stochastic coefficient D was 25.31%, while ATR was 0.1388. Given the Stochastic reading of 57.14% for the 14-day period, the RSI (14) reading has been calculated as 47.86%. As of today, the MACD Oscillator reading stands at 0.0633, while the 14-day reading stands at 0.0243.
Analyst Ratings
Credit Suisse launched its rating on Markforged Holding Corporation (NYSE: MKFG) to a Neutral in a note to investors on August 17, 2022. Markforged Holding Corporation (MKFG) has been rated Buy by analysts. According to 0 brokerage firms, MKFG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Markforged Holding Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $2.33, the current consensus forecast for the stock is $1.70 – $3.00. Based on these forecasts, analysts predict Markforged Holding Corporation (MKFG) will achieve an average price target of $2.34.
